Selling spree in cement, FIs pulls Dhaka stocks down: Analysis

Dhaka,  Tue,  22 August 2017
Published : 17 May 2017, 21:35:50

Selling spree in cement, FIs pulls Dhaka stocks down: Analysis

FE Report

The Dhaka bourse Wednesday closed lower although turnover increased marginally, riding on investors' increased participation.

On the day, the major sectors showed mixed performance on the Dhaka Stock Exchange (DSE).

At the end of session, the DSE broad index DSEX shed 0.11 per cent or 6.01 points to close at 5429.66 points.

According to LankaBangla Securities, the broad index DSEX started with positive movement and reached 5,458-point level in the first hour.

Later, it started to decline and the trend continued for more than 45 minutes. From that point the DSEX witnessed a recovery stance and minimised the losses. And later, the DSEX witnessed another fall and closed the session through ups and downs.

The shariah based index DSES rose 0.01 per cent or 0.21 point to close at 1258.62 points, while the blue chip index DS30 went up by 0.21 per cent or 4.34 points to close at 2002.11 points.

Of the 327 issues traded, 120 advanced, 155 declined and 52 were unchanged on the premier bourse.

At the end of the session, the turnover stood at above Tk 6.84 billion which was 21.47 per cent higher than the turnover of the previous session.

According to market reviews by a brokerage firm and institutional investors, the selling spree was observed in different sectors especially in cement, financial institutions and banks while the bargains hunters were active with the issues from the engineering, telecom and pharmaceutical sectors.

Among the major sectors, financial institutions lost 0.7 per cent, followed by bank 0.4 per cent, textile 0.3 per cent and fuel & power 0.2 per cent.

Among the gaining sectors, engineering advanced 0.8 per cent, pharmaceuticals & chemicals 0.2 per cent, telecommunication 0.6 per cent, mutual fund 0.5 per cent and miscellaneous 0.2 per cent.

Investors' activities were concentrated mostly on engineering which captured 17.20 per cent of the market turnover, followed by textile 15.30 per cent, bank 11.40 per cent and fuel & power 10.70 per cent.

IFAD Autos topped the turnover chart with a value of Tk 761 million followed by Bangladesh Shipping Corporation Tk 232 million, Paramount Textile Tk 195 million, Doreen Power Generation and Distribution Company Tk 191 million and LankaBangla Finance Tk 177 million.
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email :,
Copyright © 2017. All rights reserved
Powered by : orangebdlogo